Nifty trading volumes fall in Singapore

MUMBAI: Trading of India’s key equity derivative index Nifty has witnessed a fall in Singapore. Data from the Singapore Stock Exchange (SGX) showed that there was a 14% year on year decline in trading volumes of SGX Nifty index futures to 1.54 million. Data from Bloomberg showed that 1.06 million unites of Nifty index futures were traded in February.

On a month on month basis, SGX said there was a 5% jump in Nifty futures trading. Yet another popular India centric index on SGX the MSCI India Index Futures too witnessed a fall in volume by 10% on a month-on-month 11% year-on-year basis to 17,676, units.

Over all, the securities market turnover value stood at $28.2 billion, up 35% month-on-month and up 17% year-on-year, over 20 trading days, the SGX said. There were 20 trading days in January 2017 and 19 in February 2016.

Securities daily average value (SDAV) was S$1.409 billion, up 35% month-on-month and up 11% year-on-year.

Market turnover value of Exchange Traded Funds ( ETFs) was S$239 million, down 18% month-on-month and up 15% year-on-year.

Market turnover value of structured warrants was S$1.167 billion, up 19% month-on-month and up 355% year-on-year.

There were 2 new Catalist listings during the month, raising S$49.2 million.

There were 87 new bond listings, raising S$37.603 billion.

Total market capitalisation value of 754 listed companies stood at S$977.1 billion as at end-February 2017.

Derivatives
Total Derivatives volume was 12.47 million, up 7% month-on-month and down 10% year-on-year.

Equity Index Futures volume was 9.95 million, up 4% month-on-month and down 14% year-on-year.

FTSE China A50 Index Futures remained the most active contract with volume of 4.68 million, up 5% month-on-month and down 17% year-on-year.

SGX Nifty 50 Index Futures volume was 1.54 million, up 5% month-on-month and down 14% year-on-year.

Nikkei 225 Index Futures volume was 1.41 million, down 13% month-on-month and down 43% year-on-year.

MSCI India Index Futures volume was 17,676, down 10% month-on-month and down 11% year-on-year.

Total FX Futures volume was 588,331, up 1% month-on-month and up 7% year-on-year.

SGX INR/USD Futures volume was 488,389, up 4% month-on-month and down 6% year-on-year.

SGX USD/CNH Futures volume was 92,008, down 15% month-on-month and up 308% year-on-year.

Value of cleared OTC SGD Interest Rate Swaps was S$13.2 billion, down 12% month-on-month and up 25% year-on-year.

Commodities
SGX Commodities Derivatives volume was 1.49 million, up 26% month-on-month and up 28% year-on-year.

Iron Ore Derivatives volume was 1.31 million, up 28% month-on-month and up 23% year-on-year.

Forward Freight Derivatives volume was 36,159, up 18% month-on-month and down 10% year-on-year.

Volume of SICOM Rubber Futures, the world’s price benchmark for physical rubber, was 125,480, up 8% month-on-month and up 115% year-on-year.